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The total book value of WTC's equity is $8 million, and book value per share is $20. The stock has a market-to- book ratio of

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The total book value of WTC's equity is $8 million, and book value per share is $20. The stock has a market-to- book ratio of 1.5, and the cost of equity is 13%. The firm's bonds have a face value of $5 million and sell at a price of 110% of face value. The yield to maturity on the bonds is 10%, and the firm's tax rate is 21%. What is the company's WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) WACC %

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